Musings on Markets

FEBRUARY 2, 2023

I wrote about my most recent valuation of Tesla just over a week ago , and as has always been the case when I value this company, I have heard from both sides of the Tesla divide. Based at least on the reactions, I have realized that some may be misreading my story and valuation, ore reacting just to a picture in a tweet.

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Musings on Markets

NOVEMBER 9, 2021

If you are interested, you can see my valuations from 2014 , 2016 and 2017. The second is on investment and capital intensity , where it has managed to take what critics pointed to as weaknesses (unwillingness to build large and expensive assembly plants ahead of time, to meet future demand) and made them into strengths.

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Nerd's Eye View

JANUARY 3, 2024

The sentiment is especially poignant when it comes to economic forecasting, as it's nearly impossible to get an accurate picture of the current state of the economy at any given moment. Moreover, historically extreme valuations in a small handful of mega-cap stocks that account for about 30% of the market weight in the S&P 500 (i.e.,

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Creative CFP

AUGUST 31, 2022

For South African business owners, the economic stability of Europe coupled with business-friendly legislation makes the continent a desirable place for expansion. While these companies operate in the same industry, we found the comparative valuations to be vastly different.

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CFO Network

SEPTEMBER 2, 2021

But did you know that business valuation can give you more insight into your business than just the economic value? Keep reading to learn more about why business valuation is such an important process for every business. Business valuation is the best way to get proof of how well your business is doing year to year.

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Musings on Markets

FEBRUARY 16, 2024

In the context of valuing companies, and sharing those valuations, I do get suggestions from readers on companies that I should value next. Applications : When valuing businesses in developed markets, we tend to assume that these businesses have insured themselves against most catastrophic risks and ignore them in valuation consequently.

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PYMNTS

SEPTEMBER 18, 2020

Say what you might about the bifurcation between public markets and economic conditions – where stocks go up even as unemployment remains high and consumer spending may be sputtering. What shall we make of private fundraising rounds that make valuation leaps, tacking on billions of dollars with each new capital raise? With the $14.5

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CFO Talks

OCTOBER 2, 2024

This study provides some key insights that are highly relevant to our discussions and podcasts at the CFO Club on how South Africa can improve its treatment of intangible assets to foster economic growth. Impact on Innovation: By not capitalising these assets, companies appear less profitable, which discourages further investment in R&D.

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PYMNTS

DECEMBER 3, 2020

The company's valuation after this funding round is now 1.2 The new valuation is lower than the previous one, so industry observers see this as a down round, TechCrunch reported, and the previous valuation may have been overheated since the pandemic skewed things for businesses globally. The company also now has over 4.8

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Musings on Markets

APRIL 21, 2022

billion I estimated in 2021 (year 8 in my IPO valuation) as revenues in my IPO valuation of the company in November 2013, and its operating margin, even with generous assumptions on R&D, was 19.02% in 2021, still below my estimate of 19.76% in that year. billion, well below the $9.6

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CFO News

NOVEMBER 5, 2024

India's stock market is experiencing a decline as foreign investors withdraw record funds due to concerns about the slowing post-pandemic economic boom. Despite domestic investments preventing a larger downturn, waning consumer spending and high valuations are causing anxieties.

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Barry Ritholtz

MARCH 20, 2024

At the Money: Benefits of Quantitative Investing (March 20, 2024) Throughout history, investing has been a lot more “Art” than “Science.” For most of the last century, investing was a lot more art than science. What Works on Wall Street was the first quantitative equity investing work, more or less for the layperson.

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Musings on Markets

MAY 7, 2023

I also used the banking framework to argue that good banks have stickier deposits, with a higher precent of these deposits being non-interest bearing, that they invest in loans and investment securities on which they earn interest rates that cover and exceed the default risk in these investments. All Equity, All the time!

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Creative CFP

AUGUST 31, 2022

For South African business owners, the economic stability of Europe coupled with business-friendly legislation makes the continent a desirable place for expansion. While these companies operate in the same industry, we found the comparative valuations to be vastly different.

Valuation 40

Valuation Economics Finance Currencies 40

Nerd's Eye View

JULY 5, 2023

stocks has led to the favoritism of ‘local’ investments over international ones through behavioral biases (e.g., However, despite recent market trends, there is a legitimate case to be made for international diversification – starting with the basic tenet of investing that past performance does not promise future returns.

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PYMNTS

SEPTEMBER 26, 2018

Stripe, the payments startup, has raised $245 million in a new round of venture funding, giving the company a valuation of $20 billion. Stripe’s latest fundraising also underscores the strong environment for startups to raise money and garner huge valuations.

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CFO News Room

JANUARY 10, 2023

In this post, I will begin with a quick review of my 2021 valuation, then move on to the price action in 2021 and 2022 and then update my valuation to reflect the company’s current numbers. . My IPO Valuation. I valued Zomato, soon after it filed its prospectus for its initial public offering, in July 2021.

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PYMNTS

SEPTEMBER 19, 2019

FinTech Stripe is raising $250 million in its latest funding round and has reached a pre-money valuation of $35 billion, according to a release on Thursday (Sept. We’re investing now to build the infrastructure that’ll power internet commerce in 2030 and beyond.

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CFA Institute

APRIL 28, 2021

The authors set out the core principles of valuation and offer a guide to measuring a company's value.

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PYMNTS

SEPTEMBER 18, 2020

Say what you might about the bifurcation between public markets and economic conditions – where stocks go up even as unemployment remains high and consumer spending may be sputtering. What shall we make of private fundraising rounds that make valuation leaps, tacking on billions of dollars with each new capital raise? With the $14.5

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Musings on Markets

OCTOBER 12, 2023

In response, I have been told that the problem is not with the idea of ESG, but in its measurement and application, and that impact investing is the solution to both market and society's problems. It is human nature to want to make the world a better place, but does impact investing have the impact that it aims to create?

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Musings on Markets

FEBRUARY 8, 2024

That bias notwithstanding, these seven companies have been extraordinary investments, not just in 2023, but over the last decade, and there are lessons that we can learn from looking at the past. First, let's look at the performance of these seven stocks in 2023, when their collective market capitalization increased by a staggering $5.1

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Marketing Valuation Profit and Loss Advertising 118

CFO News Room

JANUARY 27, 2023

Another is that when valuing companies, I am, in addition to valuing a company to see if it is fairly priced, interested into the broader insights about business and valuation that emerge from the company. per share in 2022. Growth potential : I underestimated the company’s capacity to grow, by limiting its product reach.

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PYMNTS

SEPTEMBER 20, 2019

You’d be forgiven for thinking that the WeWork IPO – rather, the shelving of that IPO , at least for now – heralds the end of rich valuations for firms viewed as entrenched in the early stages of disruption. The shelving shows that investors are increasingly worried about how at least some “new economy” firms can weather economic cycles.

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Global Finance

OCTOBER 16, 2024

“Private equity firms are eager to exit their investments, sensing this market momentum.” Valuations today are more grounded in reality,” said Ritter. Timing’ Is Key For Offerings While market sentiment drives the IPO game more than economic data, according to Ritter, the market must still eye interest rates and inflation.

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CFA Institute

JANUARY 11, 2019

Intangible assets are increasingly critical to corporate value, and new valuation methods need to be deployed to accurately calculate their worth.

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Valuation Performance Measuring Financial Analysis Economics 63

Barry Ritholtz

APRIL 7, 2023

American Prospect ) see also Six Ways Existing Economic Models Are Killing the Economy : The alleged science doesn’t match up to the real world. Known as the Dean of Valuation, he teaches Corporate Finance and Valuation to the MBA students at Stern where he has been voted “Professor of the Year” by the graduating M.B.A.

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Future CFO

JANUARY 9, 2022

Global M&A to remain strong in 2022 as valuations reach historic highs, said Willis Towers Watson (WTW) recently. However, high valuations, deal complexity, competition for high-quality assets and pandemic-fuelled supply chain disruption will continue to have knock-on consequences for dealmakers, he noted. M&A cycles changing.

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PYMNTS

OCTOBER 30, 2018

Coinbase, the cryptocurrency exchange operator, has raised a fresh round of funding that gives it a valuation of more than $8 billion. “ Coinbase is, and will remain, a crypto-first company.

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Global Finance

OCTOBER 6, 2024

Teresa Ribera’s appointment as European Union executive vice-president for a Clean, Just and Competitive Transition places her in the hybrid job of EU competition chief, net-zero emissions architect and economic transformer. In 2021, EU companies spent about half as much on research and investment as a share of GDP as US companies.

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CFO News Room

NOVEMBER 24, 2022

Deere said it benefited from positive farm fundamentals and increased infrastructure investment. Autodesk noted a challenging economic environment and said customers were more reluctant to sign longer-term contracts. in the premarket after Citi upgraded the stock to neutral from sell, citing valuation. Its stock jumped 4.2%

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Barry Ritholtz

OCTOBER 17, 2023

  The transcript from this week’s MiB: Graeme Forster, Orbis Investments , is below. Barry Ritholtz] This week on the podcast, I have an extra special guest, Graham Foster’s pm at Orbis Investment Management. They have a truly unique approach to investing. What made you add economics to your, to your graduate degree?

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Global Finance

JUNE 10, 2024

A generous fiscal policy, which has helped support the economic expansion, is expected to turn more restrictive soon. If banks are more solid today, private lending remains subdued, with limited demand in a climate of low private investment. “We Prospects are bright for investment banking, as well, say some close observers.

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CFA Institute

JANUARY 28, 2020

The real valuation problems today are much more evident in private equity markets, says Jason DeSena Trennert.

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CFA Institute

MAY 29, 2020

Don't abandon valuation fundamentals during the COVID-19 crisis, says Aswath Damodaran.

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CFA Institute

JULY 27, 2020

Are investors correctly pricing expected future growth in the current valuations of MNC companies and their parents?

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Barry Ritholtz

JUNE 28, 2024

She leads the company’s 35-person team of engineers, attorneys, and analysts, and is a member of the firm’s valuation and investment committees. Before co-founding Legalist at 20, Eva studied economics at Harvard College.

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